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EUR/USD is at a major YTD uptrend support level. EUR/USD has been in a downtrend since mid-July. Both trends have intersected since last week the ECB raised its key interest rates for a 10th consecutive time, taking the deposit rate to a record high of 4%. FOMC interest rate decision is today, and it's expected to not raise interest rates and stay paused at 5.5%....

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This is a SPY 2024 prediction based on trajectory. These lines are not random. They are the centerline with support and resistance levels based on the historic angle of trajectory. SPY should close for 2023 around 425. Barring a black swan event or Q3 earnings upside revision. A few of a bunch of interesting intersections of these trajectory lines are as...

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Here's a Bitcoin 1 day chart with it's corresponding accumulation / distribution levels in relation to it's price action levels. Bitcoin accumulation / distribution levels have been declining since July 13th 2023 when it crossed under the 15.8M mark. This accum / dist drop coincided with BTC price action opening at 31,483 and closing at 30,333 on 7/14/23. Also, 2...

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This Friday 9/15/23 is the quarterly event known as triple witching. The simultaneous expiration of three different types of derivative contracts happen. Triple witching is when the expiration of stock options, stock index futures, and stock index options all fall on the same day. This results in higher than average volume and volatility. Institutional investors...

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TSLA earnings are today Wednesday 7/19/23 at 4:05pm. Tesla (TSLA) reported Q1 March 2023 earnings of 0.83 per share on revenue of 23.3 billion. The consensus earnings estimate was 0.84 per share on revenue of 23.4 billion. Revenue grew 24.4% on a year-over-year basis. TSLA Q2 June 2023 Consensus: EPS = 0.82 Revenue = 24.53 B PE = 85 TSLA earnings recap since...

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This is a comparison chart between S&P 500 inflation adjusted and S&P 500. From 2021 through 2023 to date the S&P 500 has been volatile yet resulting in neutral returns now. From 2016 to 2021 the S&P 500 was in a highly volatile bull market. From 2009 to 2016 the S&P 500 was in a steady bull market. From 2007 to 2009 the S&P 500 was in a steep bear market. From...

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Here's a NVDA and AI year to date comparison chart with the tickerTracker MFI Oscillator. NVDA is up +230% YTD and AI is up 160% YTD. Whenever the market goes long or short the artificial intelligence theme NVDA and AI charts tend to have a correlation this year of 2023. What do you think is next for NVDA or AI? I'm interested in hearing all different...

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DICK'S Sporting Goods (DKS) reported earnings of 2.82 per share on revenue of 3.22 billion for the fiscal second quarter ended July 2023. The consensus earnings estimate was 3.76 per share on revenue of 3.23 billion. The company missed expectations by 30.37% while revenue grew 3.57% on a year-over-year basis. The company said it expects fiscal 2024 earnings of...

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The next Litecoin halving is estimated to be in 4 days 19 hours on 8/03/23 at 12:39 UTC. Litecoin halving is the event where the number of generated Litecoin rewards per block will be halved (divided by 2). The total number of Litecoin mined by miners per block will reduce from 12.5 to 6.25 LTC in the next Litecoin halving. Halving occurs every 840,000 blocks...

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What if Bitcoin is in a gigantic downtrend channel still? As a trader you always want to keep your mind open to all possibilities. Then trade based on high probabilities. The probability that Bitcoin goes up or down from the 30k level is a coin flip. I don't like 50/50 odds. I look for high probability trades. It'd be better off missing a move up and waiting for a...

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Bitcoin Cash Accumulation broke below the zero line in June 2022 and consolidated around there for 6 months. BCH/USD Accumulation broke above the zero line in January 2023 and consolidated around there for 6 months. Now, after 12 long months, BCH/USD Accumulation jumped to the + 1 million Accumulation line over the past few days. Based on this BCH/USD Accumulation...

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Home Depot (HD) reported earnings of 4.65 per share on revenue of 42.92 billion for the fiscal second quarter ended July 2023. The consensus earnings estimate was 4.46 per share on revenue of 42.25 billion. The company beat expectations by 4.03% while revenue fell 2.00% compared to the same quarter a year ago. The company said it continues to expect fiscal 2024...

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Apple (AAPL) reported Q2 March 2023 earnings of 1.52 per share on revenue of 94.84 billion. The consensus earnings estimate was 1.44 per share on revenue of 92.94 billion. The company beat expectations by 3.40% while revenue fell 2.51% compared to the same quarter a year ago. The company said during its conference call it expects Q3 revenue to decline similarly to...

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AMZN earnings are Thursday 8/3/23 at 4pm. Amazon (AMZN) reported earnings of 0.31 per share on revenue of 127.36 billion for Q1 ending March 2023. The consensus earnings estimate was 0.21 per share on revenue of 124.47 billion. The company beat expectations by 19.23% while revenue grew 9.37% on a year-over-year basis. The company said it expects Q2 revenue of $127...

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Earnings watch 8/3/23 post-market: Here's a quarterly view 24hr ext comparison chart with the tickerTracker MFI Oscillator. DKNG AMZN AAPL COIN SQ ABNB NET FTNT PBR WISH

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FOMC has raised interest rates 10 times since 2022. The Fed interest rate decision will be publicly announced today, 7/26/23 at 2pm. The market consensus is expecting FOMC to raise interest rates for the 11th time today. The vast majority consensus forecast is +0.25% today. Here's a SPY 1 day chart (24hr ext) with Triangular Trend Channel ATR and Fibonacci MA7...

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Earnings watch 8/3/23 pre-market: Here's a quarterly view 24hr ext comparison chart with the tickerTracker MFI Oscillator. SHAK EXPE CI HAS COP PZZA CARS WBD BUD MRNA

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Earnings watch 8/2/23 post-market: Here's a quarterly view 24hr ext comparison chart with the tickerTracker MFI Oscillator. QCOM PYPL SHOP OXY U HOOD MELI ET ETSY APA